The Democrats Won Congress. Here's What Could Come Next for Crypto.

The Motley Fool · Alex Carchidi · 2026-11-06 09:57 UTC

While the incoming Congress may be less crypto friendly than the current one, history says there's little to fear here.

The Democrats won control of both houses of Congress on Nov. 3. For the crypto sector, the implications are large, but probably not much like what the loudest voices were fearing.

The prices of the crypto majors initially reacted positively to the results; by noon on Nov. 4, Bitcoin (BTC -5.19%) had risen by 3.7% over the prior 24 hours to reach $80,338, with Ethereum (ETH -7.34%), Solana (SOL -6.79%), and XRP (XRP -9.15%) climbing to a similar degree. Surprisingly, Zcash (ZEC -2.49%) was up 10.5%, and other leading altcoins like Monero (XMR -2.98%) and Chainlink (LINK -5.94%) saw slight gains as well. However, on Nov. 5, some of those gains reversed themselves, with Bitcoin falling back to around $76,000.

The industry cheered the onset of Republican control in 2025, only to see a crypto bear market start by the end of the year. Let's map out what could be coming next for the crypto market, given that it was already emerging from the bear phase before the election results started to roll in.

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